Former FBI Agent Patrick Steven Yaroch Pleads Guilty to Stealing $2.5 Million in Crypto from Investigation Targets

US Treasury Bans MEXC Global Crypto Exchange Over Sanctions Evasion and Cybercrime Links

The US Department of the Treasury has issued a ban prohibiting MEXC Global from accessing the US financial system due to its role in facilitating at least $16 billion in illicit transactions. The Seychelles-based exchange, founded in 2018 and serving over 40 million users across 170 countries, was found to have processed transactions linked to ransomware, scams, and sanctions evasion involving Iran, North Korea, and Russia between May 2021 and May 2026. FinCEN highlighted ongoing dealings with sanctioned entities such as Garantex and Grinex as recently as June 2026, along with $226 million tied to the A7 sanctions evasion network. Deficiencies in MEXC's AML and customer verification controls allowed direct transactions worth approximately $1 billion with over 40 Iranian CVC exchangers. The order exposes US institutions and individuals to secondary sanctions for any dealings with MEXC. In response, MEXC stated it is conducting an independent review of its sanctions and AML controls while maintaining normal operations and secure user assets.

Former Royal Marechaussee Officer Accused of Stealing Over €6,000 in Cryptocurrency from Schiphol Traveler

A former investigative officer with the Koninklijke Marechaussee is suspected of abusing access to police systems to steal more than €6,000 worth of cryptocurrency from a traveler at Amsterdam’s Schiphol Airport. The Public Prosecution Service (OM) reported that the suspect queried a routine registration made during a passenger check and then located a recovery code for the victim’s crypto wallet stored in another notification. Using that code, the officer drained the funds and transferred them to his own crypto account before converting the proceeds into multiple cryptocurrencies via his personal bank account. The suspect reportedly searched police databases about twenty additional times to monitor the victim’s case. After the traveler filed a report one week later, the officer learned he had become a suspect and claimed that someone else had sent the cryptocurrency to his wallet. He was subsequently dismissed from the Marechaussee, and the OM has demanded a six-month prison sentence plus full restitution of the stolen funds.

Credit Mutuel Arkea Confirms Cyberattack Enabling $133 Million Crypto Theft and Laundering

Credit Mutuel Arkea has confirmed a cyberattack that triggered fraudulent transactions exceeding 133 million dollars, with blockchain investigator ZachXBT estimating losses above 100 million dollars and noting facilitated money laundering. The operation spanned multiple days, routing funds through centralized crypto exchanges where they were converted into USDC and USDT stablecoins before dispersion via Ethereum and Monero. Fortuneo, the online bank within the Arkea group, is identified as the source of the fraudulent wire transfers executed using falsified beneficiary names. Attackers opened accounts on platforms including Kraken using fabricated identities that passed KYC checks, allowing receipt of the diverted funds without compromising existing accounts. The bank stated that no customer financial impact occurred and that transactions were suspended preventively after detection, while the incident coincides with its MiCA licensing application for crypto services. The case highlights delays in reporting that may have allowed over 30 million dollars to be laundered and occurs amid G7 plans for AI-assisted cyberattack simulations in the financial sector.